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Which is the better option and by how much

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Question - As a settlement for an insurance claim, Craig was offered one of two choices. He could either accept a? lump-sum amount of ?$6726?now or accept monthly payments of ?$120 for the next six years. If the money is placed into a trust fund earning 7.27?% compounded quarterly, which is the better option and by how much?

Reference no: EM133152999

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